The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-02-05
THE BUSINESS OUTLOOK.
The Markets Show Remarkable Steadiness n
Face Of the Depression in Europe.

New YORK, Fob. Ar. G. Dan &, Co. !,
their weekly trade-revew, say: a'.Panics abroad
and strikes at home have tested the strength =
all markets during the past week. Over.hasti,v
it is inferred that the panics in the foreign AZ.
changes mean war; they may mean only col.
lapse of the unusual speculation which has pra.
vailed of late, especially at Berlin, and TIM.
may get rid of a strong incentive Il
circulate warlike rumors. The news l.
the strict sense, does not afford much
evidence that war impends: but rumor and an.
prehension have depressed stocks and lifted
grain. Thus tested, the markets have shown
unexpected steadiness. Foreign unloading Of
American stocks has caused but a moderate ia.
cline in prices, while even in the grain market
the advance has been conservative and limited
and other markets have changed but httla
Probably grain would have risen more had moi
the great strikes exerted a restraining influence
than week ago. The dry-goods trade.
though affected by uncertainty A.
to transportation, still improves with
respect to cottons while the hesitation in woolens
increases. Boston sales of wool are 20 per cent,
larger than last year, with prices barely steady.
Imports for 1886 were 13l 1853. 103 pounds be-
sides 43l $3.50 pounds waste and 1880, 203 yarn.
Iron is helped by revival 10 ship-buildinR.
500 so being quoted at Philadelphia for No 4
and an advance expected at Pittsburg Coks
ton. Western nail-makers will advance tina
price from So 60 to So 65, and the WindowpIass
Association has raised prices to 7 per cent
Oil production was 26, 38l, 500 barrels last year
against 20776.041 in 1885. Trunk line east
bound tonnage last year was II, 236 l02, against
IL 1854, 001 in 1885, and west bound was 032, SIG
against 2 O45, OPS.
The money market is little higher as to rata
than week ago, but we'll supplied, and foreign
exchange moves up to 81 SO.
~ g 1n.A
prices depressed, but then fully recovering
Wheat advanced l &c and corn lie, with moder.
ate dealings, while Oil declined 3sc and coffee 4c
Pork and lard slightly advanced and the New
York cattle market was shade stronger.
The business failures during the last seven
days numbered, for the United States, 229 for
Canada, 80; total, 261, compared with 27l last
week. Failures in Canada are numerous aud
important; in New York city, few and insignif-
cant; in the other sections Of the country, about
up to the average.
The New South.
ST. LOUIS, Feb 4-The Industrial Gazette
of this city, in Its issue Of to-day, continues it'd
record of improvements in the South and South
west Fifty new coke ovens are to be added ID
the mammoth plant cs the Colorado Coal and
Iron Company, at Crested Butte, Col large
amount of capital has been invested in, and
there will at once be begun the development Of
the Arcnu0ta Oil district IN COlOraQO, 4,UUO Rcr6l
of land having been leased from the State The
Decatur, Ill.,, wagon works are to be removed K
Little Rock, Ark, where capitalists are prepar
ing to manufacture wagons, ETC., on large
scale. The Arkansas river is to be bridged will
| firstclass bridge at Fort Smith. Within iv,
| weeks twelve charters for railroads have beef
granted in Tennessee; also, four charters Il
| street railway companies two to mineral pain
| companies, eleven to large manufacturing cor
| poratons, and six to large land companies
| Thirty applications for charters remain to b
| acted upon The real estate transfers in Chat
| tarooga for January foot up total of S., 100
| 600, and among the enterprises there which ar
| to be begun at once are two IRON furnaces,
| large drop forge, agricultural implement works
and three large woodworking establishments
| The greatest activity continues in Alabams
| The Birmingham. Georgia & Florida railroa
has been incorporated-capital 81 100000
| will connect Birmingham with Columbus, Ga.
| and will be built at once. A cotton factory wit
| capital Of 81, GOO, 600 will locate at Florence
| The Wood Alcohol Company and the Decatu
Land Company have decided to build at Decatu
| one hundred charcoal ovens, instead of fifty
] and two charcoal iron furnaces instead one
| The Admission Land Company have decided t
| build Immediately two hundred houses and tw
| large coke furnaces and the pipe works will b
| pushed to completion at once. Ohio capitalist
have arranged to establish cotton factory an
| m achine shops at Tuscaloosa, and the contract
to build 100000 cotton mill and a $l25 co
| cotton y arnmill at Decatur, were let Jan. %.